Connect with us

Hi, what are you looking for?

Economy

SafeMoon and Litecoin: LItecoin pulls back below 90.00

Safemoon chart 1

SafeMoon and Litecoin: LItecoin pulls back below 90.00

  • SafeMoon price continues to test the support zone around the 0.0001700 level.
  • Litecoin broke below the 90.00 support level yesterday.

SafeMoon chart analysis

SafeMoon price continues to test the support zone around the 0.0001700 level. Today, we continue a bearish consolidation from the previous day. It is evident that we could see a continuation of the price retreat and the formation of a new low. Potential lower targets are the 0.0001650 and 0.0001600 levels.

We need a positive consolidation and a move to the 0.0001750 level for a bullish option. Additional resistance in that zone is the EMA50 moving average. We need a break above to continue to the bullish side. Then, we need to hold on up there in order to form a new bottom from which we would start our recovery. Potential higher targets are 0.0001800 and 01.0001850 levels.

SafeMoon chart analysis

Litecoin chart analysis

Litecoin broke below the 90.00 support level yesterday. A new lower low was formed at the 87.39 level. After that, the price managed to consolidate and move up to the 89.40 level. Such consolidation could bring us back above the 90.00 level. After that, we need to stay up there in order to consolidate and continue the recovery. Potential higher targets are 91.00 and 92.00 levels. The additional resistance and the zone around 92.00 is the EMA50 moving average.

We need a negative consolidation and price pullback below the 88.00 level for a bearish option. After that, we would again have the opportunity to test the previous low and make a possible breakout below. Potential lower targets are 87.00 and 86.00 levels.

Litecoin chart analysis

The post SafeMoon and Litecoin: LItecoin pulls back below 90.00 appeared first on FinanceBrokerage.

You May Also Like

Financial News

McCarthy’s Speakership Hangs in the Balance as House Greenlights Stopgap Funding Bill: A Defining Moment Looms In a stunning turn of events, the future...

Financial News

Conservatives Call for GOP Candidates to Step Aside After Second Debate: A Call to Streamline the Republican Race In a surprising turn of events,...

Financial News

Poll Unveils GOP Primary Voters’ Resounding Verdict on Best Republican Debate Performance In the midst of a heated Republican primary race, the GOP primary...

Financial News

Jeffries’ Strategic Maneuver: Outsmarting McCarthy to Avert Shutdown Crisis